I will if after I investigate a few other things this turns out
to be the best.
however the system looks very good on its own right now.
the performance is basically doubled using the 60 min
Stochastic simply to better time the trades. It makes a lot
of sense because it's common knowledge that a stock is generally
overbought on a 60 min time frame after a daily signal is given,
and vice versa. Good traders utilize multiple time frames to
get better signals. Notice that I simply used the standard 14
length %K on a 60 min chart, I didn't try any odd ball length
settings and this shows that it's not curve fitted, plus it makes
logical sense to use a 60 min chart for timing anyway.
I would like to also investigate this to see if it can improve
the BPGDM system first.
Also the thing to realize about this system is that now many of
the signals will NOT be end of day like they are now. Because
the 14 length %K can give you the timing signal at any hr of the
day. However that said, since the performance is doubled, I
think it's a worth the added complexity.
Lastly, regarding the GDX renko system, the ONLY thing you have
to realize is that over time the daily Renko box size will have to
be adjusted, perhaps only once a year or 2, but it will have to be
adjusted over time as the volatility on GDX changes.
Wow, it does look good. I hope you are still able to enjoy the
holidays while working on this, Looks like alot went into it.
For us retirement account traders,we would need to find and
inverse ETF to use for a short proxy, since most plans don't
allow shorting ( mine doesn't anyway) DUST is the only one I am
aware of.
Posted by CopperMtn on 27th of Dec 2011 at 11:45 am
Ragwing, In addition to DUST, I also have used ZSL to short
silver miners and SPPIX to short the DJ Precious Metals Index. This
fund only trades end of day but can give you inverse, non-leveraged
exposure to major gold producers too.
there is a short term trading fee of $75.00 and since it is a
mutual fund you only can trade it at the end of the day and i
believe there is also a 2% expense ratio involved on it...
Yes I investigated it for hrs yesterday and unfortunately I was
up very late last night investigating that, but also my daughter
was sick and up till about 5 am, so Im on about 1 hr of sleep.
So I may take a short nap today if things are slow, which I
expect them to be.
The 'pros' and 'institutional' traders are gone this week, the
real action will occur when they return in Jan after New Years
I will if after I
New GDX Swing System
Posted by matt on 27th of Dec 2011 at 10:16 am
I will if after I investigate a few other things this turns out to be the best.
however the system looks very good on its own right now. the performance is basically doubled using the 60 min Stochastic simply to better time the trades. It makes a lot of sense because it's common knowledge that a stock is generally overbought on a 60 min time frame after a daily signal is given, and vice versa. Good traders utilize multiple time frames to get better signals. Notice that I simply used the standard 14 length %K on a 60 min chart, I didn't try any odd ball length settings and this shows that it's not curve fitted, plus it makes logical sense to use a 60 min chart for timing anyway.
I would like to also investigate this to see if it can improve the BPGDM system first.
Also the thing to realize about this system is that now many of the signals will NOT be end of day like they are now. Because the 14 length %K can give you the timing signal at any hr of the day. However that said, since the performance is doubled, I think it's a worth the added complexity.
Lastly, regarding the GDX renko system, the ONLY thing you have to realize is that over time the daily Renko box size will have to be adjusted, perhaps only once a year or 2, but it will have to be adjusted over time as the volatility on GDX changes.
Wow, it does look good.
Posted by ragwing on 27th of Dec 2011 at 10:31 am
Wow, it does look good. I hope you are still able to enjoy the holidays while working on this, Looks like alot went into it.
For us retirement account traders,we would need to find and inverse ETF to use for a short proxy, since most plans don't allow shorting ( mine doesn't anyway) DUST is the only one I am aware of.
Other Short Options for Retirement Accounts
Posted by CopperMtn on 27th of Dec 2011 at 11:45 am
Ragwing, In addition to DUST, I also have used ZSL to short silver miners and SPPIX to short the DJ Precious Metals Index. This fund only trades end of day but can give you inverse, non-leveraged exposure to major gold producers too.
http://www.profunds.com/funds/short_precious_metals.html
Good trading.
sppix
Posted by 8899 on 27th of Dec 2011 at 12:06 pm
there is a short term trading fee of $75.00 and since it is a mutual fund you only can trade it at the end of the day and i believe there is also a 2% expense ratio involved on it...
Yes I investigated it for
Posted by matt on 27th of Dec 2011 at 10:46 am
Yes I investigated it for hrs yesterday and unfortunately I was up very late last night investigating that, but also my daughter was sick and up till about 5 am, so Im on about 1 hr of sleep. So I may take a short nap today if things are slow, which I expect them to be.
The 'pros' and 'institutional' traders are gone this week, the real action will occur when they return in Jan after New Years
thanks for all your hard work on this....
Posted by morton13 on 27th of Dec 2011 at 01:56 pm
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